Women retire with around 35% less super than men on average.1 And one in three women in Australia have no super at all.2 But it’s not too late to make a change. Here are 7 super-savvy tips that can help close this financial gap for a more secure future.
Performance can have a long-term impact on your retirement savings so it’s important to know what your super returns are and ensure your money’s being invested how you want it to be. Check out MLC’s top-performing MySuper Growth Portfolio option.
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It’s an amazing tool for wealth creation – and why investing in super over the long term makes sense.
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Learn the ins and outs of super, investing and retirement from our experts, through webinars like our ‘Women talk money’ webinar.
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What type of investor are you? Ensure your investments match how comfortable you feel about risk and your needs, which can change.
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Make extra contributions or consolidate super accounts – just two easy ways you can boost your super balance.
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You’re not alone. Invest 30 minutes into looking after your super. Book a one-on-one phone-based meeting with one of our Financial Coaches.
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View the full infographic here.
1 Australian Bureau of Statistics (15 December 2020), based on median data of superannuation balances for Australians aged 55-64, Gender Indicators, Australia, accessed 24 March 2021, https://www.abs.gov.au/statistics/people/people-and-communities/gender-indicators-australia/latest-release
2 Better Retirement Outcomes: a snapshot of account balances in Australia, Ross Clare, June 2019, https://www.superannuation.asn.au/
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This article has been prepared by NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465 (NULIS) as trustee of the MLC Super Fund ABN 70 732 426 024. NULIS is part of the Insignia Financial group of companies comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (‘Insignia Financial Group’). The information in this article is current as at June 2024 and may be subject to change. This information may constitute general advice. The information in this article is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider obtaining independent advice before making any financial decisions based on this information. It is recommended that you consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) before you make any decisions about your superannuation. You can obtain the latest copy of the PDS (or other disclosure documents) and TMD by calling us on 132 652 or by searching for the applicable product at mlc.com.au. You should not rely on this article to determine your personal tax obligations. Please consult a registered tax agent for this purpose. Opinions constitute our judgement at the time of issue. The case study examples (if any) provided in this article have been included for illustrative purposes only and should not be relied upon for decision making. Subject to terms implied by law and which cannot be excluded, neither NULIS nor any member of the Insignia Financial Group accept responsibility for any loss or liability incurred by you in respect of any error, omission or misrepresentation in the information in this communication.
